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TVT Records Victorious Over MP3.com
Posted by Heidi Chambers in Archive on March 7, 2001 at 8:22 AM
In more MP3 court news, independent label TVT Records (home to Nine Inch Nails) recently came out victorious with its legal win against MP3.com. U.S. District Judge Jed S. Rakoff granted TVT a partial summary judgment, affirming the label's musical copyrights were willfully infringed by MP3's digital music locker service, My.MP3.com.
This case could cost MP3.com up to $150,000 in statutory damages for each of TVT's copyrighted works that were willfully infringed. But the judge added that the popular MP3 portal site cannot be held liable for statutory damages on TVT copyrights that were not registered with the U.S. Copyright Office until after they were used on My.MP3.
The five major record labels all settled with the company, receiving cash payments in return for granting licenses to the My.MP3 service. Four of the majors received a lump sum reported at $20 million each, but Universal Music, which held out longer, received more than $50 million. If you add everything up, MP3.com has paid out nearly $170 million.
Printed from http://www.boycott-riaa.com/article/3724
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